Bitstamp CEO: Bitcoin Could Become a “Sane and Natural” Part of Investment Portfolios
The head of the Bitstamp cryptocurrency exchange Dan Morehead spoke at the Sohn Investment conference in San Francisco, where he said that Bitcoin and other digital currencies are likely to become assets that serious investors will pay attention to when diversifying their own portfolios. Writes about it CNBC.
“Bitcoin will radically change currencies or money at its core,” he said to portfolio managers and asset managers..
“If it really works, the expectations will be so high that including crypto in your portfolios would be a smart and logical approach,” he said..
Bitcoin “Will Change Money Like IP Telephony” has pushed telecommunications companies out of communications, says Morehead.
He notes that blockchain tokens are like protocols and together form a system that resembles a set of HTTP rules. HTTP and other protocols keep the Internet running, but most of the revenue comes from applications like Gmail that use these protocols. According to Morehead, the situation will change with the proliferation of blockchain, and protocols such as bitcoin will receive 95% of the income, and “applications”, including cryptocurrency exchanges, will take only a small part of the total..
“The companies are only a small detail here,” he said, comparing Coinbase’s $ 1.5 billion market cap to Bitcoin’s $ 70 billion cap..
“This is a very interesting investment proposal,” he said..
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